v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Segment Reporting

Note 13. Segment Reporting

Operating segments are defined as components of an enterprise for which separate financial information is evaluated regularly by the Company’s CODM in deciding how to allocate resources and assess performance. GBank’s CODM is Edward M. Nigro, Executive Chairman and CEO. The Company’s CODM monitors the revenue streams and significant expenses of its various products and services, as well as budget to actual results, in assessing the Company’s segments. The evaluation of significant expenses include salaries and employee benefits, data processing, occupancy, and legal and professional fees. Overall, operations are managed, and financial performance is evaluated, on a Company-wide basis using the Company’s consolidated net income to monitor actual results versus budget, in competitive analyses by benchmarking to the Company’s peers, and in decision making pertaining to executive compensation levels, new product decisions, expansion plans, and capital expenditure spending. Accordingly, all of the Company’s operations are considered by management to be aggregated in one reportable segment.

 

The following table presents certain information reviewed by management for the three- and six-month periods presented:

 

 

 

Three Months Ended

 

 

Six Months Ended

 

(Dollars in thousands)

 

June 30, 2026

 

 

June 30, 2025

 

 

June 30, 2026

 

 

June 30, 2025

 

Net interest income

 

$

12,801

 

 

$

12,388

 

 

$

24,992

 

 

$

24,282

 

Provision for credit losses

 

 

2,844

 

 

 

1,092

 

 

 

5,137

 

 

 

1,813

 

Noninterest income

 

 

9,149

 

 

 

5,384

 

 

 

16,603

 

 

 

10,847

 

Noninterest expense

 

 

11,998

 

 

 

10,396

 

 

 

27,874

 

 

 

21,303

 

Provision for income taxes

 

 

1,625

 

 

 

1,486

 

 

 

1,764

 

 

 

2,710

 

Net loss attributable to equity investment

 

 

(21

)

 

 

(43

)

 

 

(43

)

 

 

(78

)

Net income

 

 

5,462

 

 

 

4,755

 

 

 

6,777

 

 

 

9,225

 

 

 

 

 

 

 

 

 

 

 

 

 

Total Assets

 

$

1,431,702

 

 

$

1,232,424

 

 

$

1,431,702

 

 

$

1,232,424

 

 

Other Segment Information
 

Revenue Composition: GBFH generates revenue primarily from net interest income and non-interest income, including gain on sales of loans, net interchange income, and loan servicing income.


Capital Allocation & Performance Metrics: The CODM assesses performance based on key financial metrics, including net interest margin, return on average assets, return on average equity and the Company's efficiency ratio.